y8g9NkylxG's Posts - Page 2

How to learn forex in 3 steps in New Traders Nov 25, 2024 at 17:47

Here's my take: Understand the Basics: Familiarize yourself with fundamental forex terms (e.g., pips, lots, spreads) and how the market operates. Use free educational resources like articles, YouTube tutorials, or online courses. Practice with a Demo Account: Open a demo account to simulate trading without risk. It’s a critical step for testing strategies and understanding market movements. Transition to Live Trading: Start with a small live account to build confidence. Focus on risk management and stick to your trading plan.Continuous learning, analyzing market trends, and ...

Stress, anxiety and motivation. in General Nov 17, 2024 at 17:22

Stress and anxiety are part of trading, but they don’t have to control you. They’re often signs that you care about the outcome, which is natural when money is on the line. What’s helped me is shifting focus from trying to avoid stress to managing it effectively: Have a Plan: A solid trading plan reduces uncertainty. Knowing your entry, exit, and risk limits ahead of time can prevent emotional decision-making. Risk Management: Never risk more than you can afford to lose. Keeping risk manageable allows you to trade with a clear head. Practice Emotional Regulation: Tec...

New to trading in New Traders Nov 15, 2024 at 16:41

Trading is a journey, and starting on the right foot is key. Focus on learning the fundamentals, such as market mechanics, risk management, and technical analysis. Use online resources, books, or courses to build your knowledge. Open a demo account to practice without financial risk, and take your time refining your strategy. Keep your trading goals realistic, and when you feel confident, start small with a live account. Trading success requires patience, discipline, and continuous learning. Wishing you success!

NZD/USD Sell in General Nov 15, 2024 at 15:32

🇳🇿🇺🇸NZDUSD 🔻 Closed 🤩 +24.0 pips (+0.03%) +£88.80 📊🇳🇿🇺🇸NZDUSD 🔻 Closed 🥺 -7.8 pips (-0.01%) -£28.86 📊Did profit on that one too

VPS Recommendations? in General Nov 15, 2024 at 15:27

I use Hetzner to host a lot of EAs. Entire dedicated server with 64GB ECC RAM for 35 Euro a month. I installed Linux on it, and run all terminals via Wine and Lutris manager.Also, been given free 8GB RAM, Windows Server VPS from Pepperstone.If you don't use high frequency trading or anything like that, Hetzner is the best.

Are you losing again and again? in General Nov 14, 2024 at 08:50

Tracking every trade meticulously and analyzing the results made a huge difference for me. Noting down reasons for each entry, my emotional state, and outcomes showed patterns I wouldn’t have noticed otherwise. Over time, this made it clear which strategies were worth sticking to. Sticking to a disciplined, objective approach helped me improve, cutting down on impulse decisions and focusing only on trades with solid setups. It's all about building a system you can trust, even when the market’s unpredictable.

Trading as a master trader in General Nov 11, 2024 at 19:55

I believe combining both technical and fundamental analysis is key to successful trading. For the Morning Star pattern, I confirm it using technical indicators like moving averages and RSI, as well as checking key support and resistance levels. Fundamentally, I always account for news, such as economic reports or interest rate changes, that can affect the market’s momentum. A blend of both methods gives me confidence that the trade will follow through. Combining these elements strengthens my strategy and trading decisions.

Share your profitable trading strategy here in New Traders Nov 10, 2024 at 08:28

XAUUSD, 5% a month, 400% profit already.https://www.signalstart.com/analysis/goldenbug/273492

Not gambling in General Nov 07, 2024 at 10:12

I completely agree with the points raised here! Treating trading as a business—built on strategy, knowledge, and realistic expectations—sets successful traders apart. Trading without a plan is like gambling and can lead to random wins that, in the end, aren’t sustainable. It’s crucial to stay focused, continuously learn, and maintain discipline in all trades.

Trading Psychology: The Key to Success in Forex in General Nov 06, 2024 at 12:27

Trading psychology is definitely crucial, but I'm a bit skeptical about prioritizing it over strategy and risk management. Emotions matter, but without a solid, tested approach, maintaining composure alone won’t lead to consistent success. Plus, even with a perfect mindset, some psychological advice feels generic. Consistently profitable strategies and effective risk control are arguably the stronger foundation. A balanced view might place psychology as a support to good trading principles, not necessarily as the primary driver.

Are EAs for Beginners? in General Nov 05, 2024 at 15:01

EAs can benefit both beginners and experienced traders. For beginners, EAs simplify trading by automating strategies and reducing the need to constantly monitor the market. They’re also a good way to follow signals and learn how trading systems work. Advanced traders, on the other hand, use EAs to enhance their strategies, increase trading speed, and reduce emotional bias. Ultimately, EAs can suit any skill level, but understanding risk management is crucial for everyone using automated trading tools.

small mistakes are big mistakes in General Nov 04, 2024 at 14:21

I get what you're saying about the difference between trading on demo and live accounts. The "small mistakes" we overlook can add up quickly, especially under the pressure of real money trading. Emotional control is key; it's easy to become careless in live trading if we're not fully aware of these moments. Reviewing our trades and identifying those “minor” errors can help us get sharper. How do you personally handle stress to stay more disciplined in live trading?

Trading Psychology: The Key to Success in Forex in General Nov 04, 2024 at 14:20

I completely agree—trading psychology is as vital as any technical analysis. Recognizing how emotions impact decisions can be a game-changer, especially during high volatility. Staying level-headed and disciplined helps avoid those snap judgments that often derail a strategy. Personally, I’ve found that reviewing trades regularly helps me stay objective and avoid letting fear or greed interfere.

How to remove an account from monitoring that does not belong to the account? in General Nov 04, 2024 at 14:18

Broker usually don't have facility to manage investor password, but the terminal on the contrary. Investor password can be always changed inside MT4/5 terminal, in settings.

How to remove an account from monitoring that does not belong to the account? in General Nov 03, 2024 at 11:40

I understand that you gave investor credentials to someone, he added that account to Myfxbook and made it public.Try changing investor password on that MT4/5 account first. That will cut off that person from any updates. When you can think on next step.

Golden Bug ICM in Trading Systems Nov 03, 2024 at 10:55

Hi SATrading,Thanks for clarifying your account setup and your approach. It’s great to hear that you’re focused on helping retail traders with realistic profitability strategies. I appreciate the insights into your master account structure, as it gives a better perspective on your trading approach.Regarding my martingale strategy, I understand it might not align with your views on long-term viability. It's all about finding what works best for each trader. Let's keep the discussion constructive and focused on learning from each other!Best,y8g9NkylxG

Do any forex brokers offer crypto deposit? in Crypto Nov 01, 2024 at 07:31

Many forex brokers now accept crypto deposits, including popular options like PrimeXBT and EagleFX. These brokers typically allow deposits in various cryptocurrencies, which can expedite withdrawal processes. If you're looking for zero transaction fees, you might want to explore specific platforms, like the Exworth PRO App. Always ensure you do thorough research on the broker's reliability and suitability for your trading needs.

What is the most important thing in a Trading Strategy? in General Oct 30, 2024 at 19:51

Oh I think I found out. In another thread, you replied to my post and said:"One thing is to have the EA still in testing mode (like I have my newbot); another thing is to have something ready to be used in real accounts and to show a demo. "Hopefully, the EA keeps up this good performance when it eventually moves to a live account.I have proven signal which is running on real capital. Approaching 100k USD on SignalStart (I can't provide a link, moderator is not letting outside links, I think). My second account on ICM, real capital of 5000 USD, is in my profile.

What is the most important thing in a Trading Strategy? in General Oct 30, 2024 at 19:47

Interesting approach, Gabriel. I agree that balance protection is crucial for long-term success. Curious though, why is your signal account a demo rather than a live account?Running a signal on a demo account has drawbacks because demo trading can differ significantly from live conditions. In a demo, executions may be faster, slippage is often absent - factors that all affect real-world trading outcomes. Without real capital at stake, it’s hard to gauge the true effectiveness and resilience of your strategy.

The Impact of a Federal Cut on Forex Trading in New Traders Oct 29, 2024 at 13:59

A federal rate cut can create unique opportunities and challenges for forex traders by making the USD less attractive, often leading to a weaker dollar and potential gains for other currencies, commodities, and carry trades. Monitoring the Fed’s communications, including FOMC meetings, and keeping a close eye on inflation and GDP data are essential. Effective risk management through stop-loss orders, hedging, and trade size adjustments can help traders navigate the added volatility. Staying informed and adaptable is key in responding to these changes in monetary policy.

EURUSD	1.0939	GBPUSD	1.28769	AUDUSD	0.60178
USDJPY	146.954	USDCAD	1.42409	USDCHF	0.86085

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